Easy Office
LCI Learning

Sip redumption taxability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 July 2014 Hello,

i invested in SIP of HDFC and Reliance Mutual Funds 3 years ago , now in current year SIP is going to redeem.

and my question is that whether Redeemed SIP are taxable or not to me ?
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
07 July 2014 since they are for more then 3 years they are long term hence exempted u/s 10.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
08 July 2014 if it is equity related MF then no taxable but if it is related to debt fund then you can get indexation benefit and pay LTCG.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links